The deal was first reported on Sunday by The Banks Report, which described the pending acquisition as checking off 'several boxes for CDK while filling a big product hole — a viable integrated CRM platform with significant market share.'

The compliance sweep, which took place in seven states, is the first since the agency's new Used Car Rule took effect earlier this year. Dealers who failed to comply could face penalties of up to $41,484 per violation.

The latest addition to Automotive Compliance Education’s growing compliance certification program was designed to cover basic legal requirements and federal guidelines governing the structure and sale of F&I products.